People in the News

7 Rescued from Sinking Freighter Near Haiti

   Seven crewmembers were rescued after their 100-foot coastal freighter began taking on water and sank approximately 45 miles north off of Cap Haitien, Haiti, Friday.

Gazprom Transgaz Ufa Organizes Arts Festival

  Over 200 healthy children and children with disabilities from Bashkortostan as well as the Volga Region participated in the Breaking the Barriers second interregional children’s arts festival,

President Pryor Retires from ExxonMobil Chemicals

  Stephen D. Pryor, president, ExxonMobil Chemical Company and vice president of Exxon Mobil Corporation, has elected to retire on January 1, 2015, after more than 44 years of service.

Steven Palazzo Visits HII, Newport

  Huntington Ingalls Industries today hosted Rep. Steven Palazzo, R-Miss., for a tour of the company's Newport News Shipbuilding division. Palazzo represents the fourth district of Mississippi,

Atteridge Retires from Furuno USA

After 30 years of service to Furuno USA, Inc., Jim Atteridge is retiring as President and assuming a new role, as Director and Corporate Advisor. Effective December 1,

Asia Tanker, VLCC Rates Could Climb

Charterers to release 30 Middle East VLCC cargoes next week. VLCC market buoyed by upbeat Suezmax, Aframax sectors. Rates for very large crude carriers (VLCCs)

Vestas, Investors Await U.S Wind Tax Break Decision

Shareholders in Danish wind turbines maker Vestas are anxiously waiting for U.S. lawmakers to decide if a crucial tax break for wind power will be extended, as

Norway's Troll Field Gas Outage Ends Dec 11

Norwegian gas system operator Gassco said that an outage at Statoil's Troll field, which is reducing gas output by 11.7 million cubic metres per day, will end on Dec.

Lukoil, Chevron Look to Invest in Nigeria

Russia's second-largest oil company, privately controlled Lukoil, said on Friday it planned to invest in Nigeria with U.S. oil major Chevron Corp , part of its

Russia, Saudis Insist on Market-driven Prices

Russian Foreign Minister Sergei Lavrov said on Friday that Russia and Saudi Arabia agree that oil pricing should be based on a balance between supply and demand.

Exxon Mobil, Ivory Coast Negotiate Oil Blocks

Ivory Coast is finalising production sharing agreements with oil company Exxon Mobil for two ultra-deepwater blocks in the Gulf of Guinea, a senior official with

Belgian Strike to Impact Antwerp Port

A strike in parts of Belgium on Monday is expected to disrupt rail services and one of Europe's largest ports as trade unions and workers voice their anger over

BSEE Responds to Explosion in Gulf of Mexico

   The Bureau of Safety and Environmental Enforcement (BSEE) is responding to an explosion at West Delta 105 in the Gulf of Mexico, approximately 12 miles off the coast of New Orleans.

Tenacious Brazilian Judge Oversees Petrobras Probe

In a country where big court cases often drag on for a decade or more and abruptly fall apart on technicalities, the man leading a bribery probe at Brazil's state-run

WISTA Enlists Rose George as Writing Competition Judge

British journalist and author, Rose George, has agreed to join the judging panel for WISTA- UK’s “Came by Ship” writing competition. George is the author of

NAT CEO: Low Oil Prices Benefit the Tanker Market

Nordic American Tankers Limited Chairman & CEO Herbjørn Hansson addressed the impacts of low oil prices on the tanker business in a letter to shareholders, citing

Aussie Tug Engineers take Deal, Cancel Strike

Tug engineers withdrew plans to strike at Port Hedland, Australia's biggest iron ore port, tug operator Teekay Shipping said on Thursday, removing a threat to exports

Ineos to Invest Big in UK Shale Gas

Swiss chemicals group Ineos announced on Thursday plans to invest $1 billion in shale gas exploration in Britain as efforts to emulate the U.S. shale boom ramp up.

Shell Completes Nigeria Oil Stake Sale

Royal Dutch Shell said on Thursday it had completed the sale of its 30 percent stake in Nigeria's onshore Oil Mining Lease (OML) 24 in the Eastern Niger Delta to

UK Pledges $1.1 bln to U.N. Climate Effort

UK govt says fund now stands at around $9 bln; Berlin to host donor meeting on Thursday. Britain has pledged up to 720 million pounds ($1.13 billion) on Thursday

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